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Oligopolistic Industries
Industries dominated by a small number of firms, leading to competitive conditions that fall between a monopoly and perfect competition.
Industrial Concentration
A measure of the extent to which production in an industry is dominated by a few large firms.
Technological Advance
The introduction of new technologies or the improvement of existing technologies, enhancing productivity and possibly leading to economic growth.
Product Differentiation
The process of distinguishing a product or service from others in the market to make it more appealing to a particular target market.
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